Publication year

Over 2014 Hungary's economic growth increased to 3% thanks to a surge of EU-funds, the central bank’s “Lending for Growth” scheme, a peak in (car) industry investments, a good harvest and low inflation. For 2015 an economic growth of about 2.5% and a budget deficit below 3% is expected. Concerns remain about the continuation of unorthodox economic policies.

Growth in Bulgaria remains weak and fiscal balances have been deteriorating, though from a low base. The banking sector has weathered last year’s crisis well, but further measures are necessary to improve its resilience in the future